Description: This paper shows how actuarial pricing based on the mathematical concept of present value can be formulated and solved using Markov chains and an approach borrowed from engineering mathematics called ballistic control theory.

Description: This study is designed to analyze new planning approaches and strategies that combine SPIAs with other techniques to create retirement income synergies. Using historical scenarios, it evaluates how different retirement income strategies hypothetically would have met four separate client goals: sustainable income, liquidity, accessibility and legacy. This report summarizes study findings and includes “planning points” to help readers interpret the study data.

Description: This paper presents mortality rates by sex at ages 90 and above for persons who received retired worker benefits from the social security program for the first month that such benefits were paid. Followed by a discussion paper

Description: This paper presents a disability continuance table based on industry individual policy experience to render it suitable as a standard for expected claims and for adjusted earnings purposes. Also includes discussion of the paper by John B. Cummings, Timothy A. Hinchliff, John H.Miller, R.Terry Nelson, John S.Thompson Jr., Eduard H.Minor

Description: Appendices A, B, and C for the Factors That Affect Retirement Mortality FARM Phase II. These appendices provide the format for data submission by contributors to the Mortality and Turnover Study, the SOA & LIMRA Experience Studies, and the Structured Settlement Study.

Description: This is a discussion of the paper, 'Life Agents' Retirement Plans under New York State Expense Limitations' by Peter M. Tompa. This discussion amplifies the paper with regards to comparison of funding retirement with single premium deferred annuities as opposed to the money purchase method and critiques the table used for valuation of benefits.

Description: This is a final report for a research project to create reference material that addresses the methods and techniques for quantifying margins for uncertainty in actuarial assumptions under a Principle-based statutory accounting framework.

Description: This paper examines the effects of selection procedures used in epidemiologic studies and suggests that similar procedures could be employed to select standard ordinary insurance risks at the older ages. The experience in this paper was developed from a prospective epidemiologic investigation launched by the American Cancer Society in the fall of 1959 to learn how personal characteristics, living styles, and environmental conditions influence health and longevity.

Description: A detailed statistical analysis of mortality improvement for the Canadian population and for the Canadian insured lives conducted by the Institute for Quantitative Finance and Insurance.

Description: This is a research project on possible replacement indices for the 30 year treasury rates used to value current liability for defined benefit pension plans in the US.